Prices from 2015 have been set in England, Wales and Scotland and price-setting in Northern Ireland is ongoing.
PR14 (England and Wales)
Following the 2014 review of water prices (PR14) water companies announced that water and sewerage bills would fall after April 2015 and that even more help would be available for customers struggling with cost of living pressures.
The average water and sewerage bill in England and Wales for 2015-16 was to fall by £9 (2%).
- Water and sewerage bills falling in 2015/16
Water UK news release 3 February 2015
- Forecast average household bills for 2015/16 (including 2% rate of inflation)
Changes to average annual bill for water and sewerage companies
- Water companies announce bills for 2015-2016
Ofwat news release 3 February 2015
Water companies listened to their hard-pressed customers over the previous year and looked to ensure that bills for 2015-2020 would be as low as possible, while investing so customers can count on safe, reliable water and sewerage services.
All companies will be continue the industry’s major investment programme to maintain and improve the high standard of water and sewerage services - investment that also boosts economic growth and sustains jobs throughout the country.
Further information published by Water UK
Financing the water sector: discussion papers for PR14
7 papers by First Economics and NERA Economic Consulting on key topics relating to financing the water industry for the 2014 price review (PR14), published in April 2013
- Recent trends in global infrastructure
- Impact of recent policy and regulatory changes on infrastructure finance
- Assessing financeability: the way forward
- Regulatory reform and financing networks: lessons from other regulators
- Equity Financeability
- Setting the Allowed Margin for Retail Controls
- Alternative Approaches to Estimating Cost of Equity
Price Setting 2015-2021 (Scotland)
In Scotland, the Water Industry Commission for Scotland (WICS) is the independent regulator and is responsible for setting prices, facilitating competition and monitoring performance in some key areas.
Scottish Water announced its prices for 2015-2021 on 28 January 2015, with below-inflation increases for six years.
- Household bills to be kept below CPI inflation over six years
Scottish Water news release, 28 January 2015
- WICS information on Price Setting 2015-2021
Price Control 15 (Northern Ireland)
In Northern Ireland, the Utility Regulator determines the prices that Northern Ireland Water can charge customers and in December 2014 published its final determination for price setting for 2015-2021.